INDIAN ECONOMY QUIZ - 1

1/10

The term 'mixed economy 'denoted:

existence of both rural and urban sectors

existence of both private and public sectors

existence of both heavy and small industries

existence of both developed and under developed sectors

2/10

In an economy ,the sectors are classified into public and private on the basis of:

employment condition

nature of economic activities

ownership of enterprises

use of raw materials

3/10

The 'Dual Economy ' is a mixture of:

traditional agriculture sector and modern industrial sector

industrial sector and manufacturing sector

state ownership of the means of production in corporation of foreign organisation

industrial sector and trading of goods obtained through imports

4/10

Which sector of Indian Economy has shown remarkable expansion during the last decade?

Primary Sector

Secondary Sector

Tertiary Sector

Mining Sector

5/10

When development in economy takes place, the share of tertiary sector in National Income:

first falls and the rises

first rises and then falls

keeps on increasing

remains constant

6/10

It will be true to classify India as:

A food -deficit economy

A labour -surplus economy

A trade -surplus economy

A capital -surplus economy

7/10

Mixed economy means:

Where agriculture and industry are given equal importance

Where public sector exists along with the private sector in national economy

Where globalization is transferred with heavy dose of Swadeshi in national economy

Where the Centre and the states are equal partners in economic planning and development

8/10

The Indian Economy is characteristic by:

Pre-dominance of agriculture

Pre- dominance of Industry

Low Per Capita Income

Massive Unemployment

9/10

In India, planned economy is based on:

Gandhian System

Socialist System

Capitalist system

Mixed Economy System

10/10

Economic liberalization in India started with:

substantial changes in industrial licensing policy

the convertibility of Indian rupee

doing away with procedural formalities for foreign direct investment

significant reduction in tax rates

Result: